NEW YORK, Nov. 8, 2011 /PRNewswire/ -- Investor Uprising, the individual investor's intelligence network, was among the first media outlets to report that the funds inside many bankrupt broker MF Global's former customer accounts remain frozen this morning after the accounts were transferred to new brokerages.
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Investor Uprising Editor-in-Chief, R. Scott Raynovich, a former MF Global client, began asking questions when his small trading account was transferred with 75% of the cash and equity missing. The full story is available here: "MF Global Accounts Moved, Minus Much of the Cash."
Many former MF Global clients faced immediate margin calls as their trading positions were transferred to new brokerages without the full equity or cash credit that backed those positions prior to the MF Global bankruptcy.
"Communication was not very good and many are wondering where the money has gone. It's not in the accounts. It's surprising how poorly the situation was handled," says Raynovich. "Investor Uprising felt obligated to report how MF Global is operating in order to alert individual investors."
Investor Uprising produces in-depth industry reports aimed at informing individual investors about important long-term trends and investment ideas. The Investing in Telecom report is available for free to any registered user of the website. To register, visit http://www.investoruprising.com/register.asp.
About Investor Uprising
Investor Uprising is the individual investor's no-nonsense community for accessing business trends and investment strategies. Combining expert market commentary, fundamental analysis and on-the-ground reporting, Investor Uprising helps the reader find the best investment opportunities in global markets. Sponsored by PR Newswire and operated by UBM plc, Investor Uprising's community of contributors could reach millions of potential business readers around the world.
Media Contacts:
R. Scott Raynovich
Editor-in-Chief, Investor Uprising Confidential
(406) 582-5886 direct
(406) 223-2884 mobile
[email protected]
Noreen Seebacher
Community Editor, Investor Uprising
(201) 360-6773
[email protected]
SOURCE Investor Uprising
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